June 30, 2011 (LBO) – Sri Lanka will take-over land in Hambantota in Southern Sri Lanka to build a new business and industrial city which will have housing, hotels, a theatre, schools, beach parks and, the government’s information office said. Sri Lanka’s cabinet of ministers had given the nod to give Urban Development Authority (UDA) 812 million rupees to compensate the owners of the area identified for the project.
Under the UDA’s governing law, citizens can be compelled to give up their lands for identified activities.
The new Hambantota ‘central business and industrial city’ will also have space for ‘banking square’ the information office said. Sri Lanka is building a new airport and an industrial port with Chinese funding in Hambantota.